v3.25.2
Share-Based Compensation (Tables)
 12 Months Ended
Mar. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Share Options Activity

The following table sets forth the share options activity for the years ended March 31, 2023 and 2024:

 

  

Number of

shares

  

Weighted average

exercise price

  

Weighted average

remaining

contractual term

  

Aggregate

intrinsic

value

  

Weighted average

fair value

 
       US$       US$   US$ 
Outstanding as of March 31, 2022   5,231,891    2.86    5.25    404    2.36 
Exercisable as of March 31, 2022   
-
    
-
    
-
    
-
    
-
 
Exercised   (53,488)   0.60    
-
    -    2.26 
Forfeited   (1,233,050)   1.31    
-
    
-
    0.86 
Outstanding as of March 31, 2023   3,945,354    2.58    3.45    124    2.06 
Exercisable as of March 31, 2023   
-
    
-
    
-
    
-
    
-
 
Granted   9,511,720    0.23    
-
    
-
    0.01 
Exercised   (37,741)   0.10    
-
    -    0.17 
Forfeited   (3,031,811)   3.40    
-
    
-
    3.44 
Outstanding as of March 31, 2024   10,387,522    0.35    8.95    0    0.12 
Exercisable as of March 31, 2024   
-
    
-
    
-
    
-
    
-
 
Summary of Options Measured At Fair Value, Valuation Assumptions The significant unobservable inputs adopted in the valuation as of March 31, 2023 and 2024 are as follows:
   As of
March 31,		   As of
March 31,		 
   2023   2024 
         
Spot price (US$)   5.90    5.90 
Risk-free rate   3.83%   4.91%
Expected volatility   61.13%   58.28%
Expected expiry years (in years)   2.60    1.60 
Employees and Non Employees [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Options Measured At Fair Value, Valuation Assumptions The assumptions used to value the Company’s option grants for the year ended March 31, 2024 were as follows:
   Year ended
March 31,
2024
    
Expected volatility  50.27%-53.83%
Risk-free interest rate  3.56%-4.04%
Exercise multiple  2.8/2.2
Expected dividend yield  0%
Contractual term (in years)  10